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Company cautioned by sebi investors are threatening


04-May-2023 (In Corporate Law)

My parents are agents of firms pan card clubs limited and sai prasad group of companies.Both have been cautioned by sebi. the companies are not giving the money and the investors are threatening my family, and telling us to give money. I am worried that my parents will commit suicide. There is tension in my family. We come from a lower middle class background . Please suggest me what i can do

Answers (2)

Answer #1
796 votes
When you are agent of the COmpany which is in problem why your parents are working for them. One should not work for company in problem
On your specific query to Law rato or to us we can advise you other legal remedy for your legal protection

When you are agent of the COmpany which is in problem why your parents are working for them. One should not work for company in problem
On your specific query to Law rato or to us we can advise you other legal remedy for your legal protection
Answer #2
631 votes
Agents are not liable for any loss caused because of company. it is unfortunate that payments of other people is stuck. but cant help it. It is not responsibility of your parents to return money and customers should pursue appropriate legal remedies.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

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